Robinhood Chain Crosses $700M Onchain Assets Just Three Weeks After Launch

Robinhood's Ethereum Layer 2 blockchain accumulated $700M in onchain assets within three weeks of launch, with $433M in stablecoins and $500M deployed across DeFi protocols including Morpho. The network has processed 97M transactions across 1.65M active addresses, signalling early traction in bridging traditional finance assets to blockchain.

This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.